TruNarrative are proud to announce their latest partnership with the UK’s first bank built exclusively for mobile and tablet, Atom bank plc, to provide an AML transaction monitoring and financial crime customer screening and monitoring solution.
The Durham-based bank offers Fixed Saver accounts, secured business lending for SMEs and residential mortgages. Atom’s commitment to innovation, disruption and providing a safe environment for customers has been core to their growth and ensures they remain a genuine alternative to established banks in the UK. Atom’s desire to evolve current capabilities and work with TruNarrative represents their focus on innovation and demonstrates an understanding that legacy and traditional services limit their disruptive capability and competitive advantage.
Regulatory changes and the digital nature of contemporary business, combined with fast evolving criminal threats, means regulated entities must be proactive in their adoption of technology and in designing process that will absolutely solve these modern day challenges. Legacy solutions and processes will not always provide the flexibility, agility and innovation required to cope with these demands. Innovation and rapid implementation are key focuses for the Atom and TruNarrative partnership.
Atom’s overarching criteria for selecting a real-time AML transaction monitoring and a financial crime (adverse media, PEP & Sanctions) customer screening solution, was for a platform which would support future products and safeguard against emerging risks in the market.
About Atom Bank
After securing its banking license in June 2015, Atom bank launched operations in April 2016, offering market-leading Fixed Saver accounts and secured business lending for small and medium-sized enterprises (‘SMEs’). From the start, Atom set out to build a customer- driven bank, designed to meet their new needs and optimised for mobile technologies. Atom bank launched its first mobile mortgage product in December 2016 and has taken over £1.7bn of deposits and lent over £2bn to small businesses and homeowners. Atom is here to change banking, creating a disruptive and digital bank, keeping costs low and passing back the value to its customers. The Atom app is at the heart of the bank, with a 24/7 support team on hand to help with any customer queries through phone, chat, email and social media, working out of their Durham HQ.
To read the full press release click here.
Source: TruNarrative
